Blue Star Foods Reports Preliminary Unaudited Full Year 2022 Growth of 20% to Approximately $12.0 Million Revenue
April 03 2023 - 8:30AM
Blue Star Foods
Corp.,
(“Blue
Star,”
the “Company,” “we,”
“our” or “us”)
(NASDAQ:
BSFC), an integrated
Environmental, Social, and Governance (ESG) sustainable seafood
company with a focus on Recirculatory Aquaculture Systems (RAS), is
pleased to announce preliminary unaudited fourth quarter and full
year 2022 revenue growth of 22% to approximately $2.0 million and
20% to approximately $12.0 million, respectively. Blue Star expects
to file its annual report on Form 10-K by April 17, 2023, within
the timing of the extension it filed last week.
John Keeler, Executive Chairman and CEO of Blue
Star Foods, commented, “We are pleased with our finish in 2022, as
our business has returned to growth following a slowdown from the
Covid-19 pandemic. We have witnessed increased demand from our
retail channel partners for our imported crab meat from overseas.
Additionally, our RAS segments, with salmon in British Columbia,
Canada and soft-shell crab in South Carolina, are performing well
and poised for expansion.”
About Blue Star Foods
Corp.
(NASDAQ:
BSFC)
Blue Star Foods Corp. an integrated
Environmental, Social, and Governance (ESG) sustainable seafood
company with a focus on Recirculatory Aquaculture Systems (RAS)
that processes, packages and sells high-value seafood products. The
Company believes it utilizes best-in-class technology, in both
resource sustainability management and traceability, and ecological
packaging. The Company also owns and operates the oldest
continuously operating Recirculating Aquaculture System (RAS) full
grow-out salmon farm in North America. The company is based in
Miami, Florida, and its corporate website is:
https://bluestarfoods.com
Forward-Looking
Statements:
The foregoing material may contain
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, each as amended. Forward-looking statements
include all statements that do not relate solely to historical or
current facts, including without limitation statements regarding
the Company’s product development and business prospects, and can
be identified by the use of words such as “may,” “will,” “expect,”
“project,” “estimate,” “anticipate,” “plan,” “believe,”
“potential,” “should,” “continue” or the negative versions of those
words or other comparable words. Forward-looking statements are not
guarantees of future actions or performance. These forward-looking
statements are based on information currently available to the
Company and its current plans or expectations and are subject to a
number of risks and uncertainties that could significantly affect
current plans. Risks concerning the Company’s business are
described in detail in the Company’s Annual Report on Form 10-K for
the year ended December 31, 2021, and other periodic and current
reports filed with the Securities and Exchange Commission. The
Company is under no obligation to, and expressly disclaims any such
obligation to, update or alter its forward-looking statements,
whether as a result of new information, future events or
otherwise.
Investor
Contacts:investors@bluestarfoods.com
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